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The Panama Canal and PortMiami renewed their Memorandum of Understanding (MOU), reaffirming their commitment to strengthening connectivity, promoting international trade, and continuing to drive the development of the maritime and logistics sector.
The Administrator of the Panama Canal, Ricaurte Vásquez Morales, and PortMiami's Global Trade Director, Eric Olafson, signed an extension for an additional five-year period to the original agreement, which has been in effect since 2003.
This alliance has been key to consolidating a strategic relationship between one of the world's main maritime routes and one of the most relevant ports in the United States, facilitating hemispheric commercial exchange and strengthening global supply chains.
The Panama Canal, as a hub for global maritime trade, and PortMiami, recognized as Florida's main gateway for containerized cargo and an important logistics hub, thus reaffirm their role as facilitators of international trade and their commitment to the economic growth of the region.
The signing of this renewal represents another step in consolidating a long-term relationship that will continue to generate opportunities for the maritime industry as a whole.
The memorandum of understanding involves joint marketing activities, information exchange, market analysis, and training.
Source: Panama Canal
